Universal Travel Group, a Chinese travel company, stated last week that it will be delaying the release of its 2010 earnings reports and that the conference call with the shareholders will have to be scheduled at a later date this year.
There had been speculations that there are irregularities in its accounting operations.
However, the travel company officials quickly doused the burning [...]

Orbitz, the 2nd largest online travel agent in the United States, has decided not to renew the contract of Alamo Rent A Car and National Car Rental brands which ended on March 31 after several months of difficult negotiations. Starting this month, customers will see Dollar Thrifty Automotive Group-owned services instead.
According to Enterprise Holdings, owner Alamo and National, the conflict [...]